CNBC's Phil LeBeau reports General Motors has hired Anton Valukas to oversee the company's internal recall investigations.» Read More
Toyota Motor will raise its projected global production to almost 10 million vehicles next year, and could soon outpace U.S. rival General Motors to become the world's largest automaker, a newspaper reported.
The assignment is to come up with some predictions for 2008. A prediction according to Webster's is "to say in advance. To Foretell." You know, like a fortune teller. Here's what I can tell you about your fortune. You won't have it long if you rely on predictions. That said, here are a few guesses as to what might happen next year.
The 1st part of CNBC Smoke Test - ABSTRACT
Here's an interesting move: take a large SUV that struggles to get great mileage and export it to a market known more for compact cars. That's what GM is doing with its HUMMER brand and its expansion into Japan. I'm not sure this makes sense.
General Motors Corp has had talks with Russia's GAZ about a possible tie-up that would give the No. 1 U.S. automaker more production capacity in the booming Russian market, GM Chief Executive Rick Wagoner said Monday.
Want further proof we're in a global auto market where the countries outside the U.S. are playing a bigger role? Consider this: there are reports that Europe is on the cusp of passing up the U.S. as #1 in the world for sales. Think about that for a second.
This is Cramer's favorite play on China's growth.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The big three automakers plan to curtail production of full-size pickups for several weeks as economic worries hit sales of their most profitable products, the Wall Street Journal reported.
Chrysler Chief Executive Robert Nardelli expects the automaker to lose $1.6 billion this year, the Wall Street Journal reported in its online edition, citing sources familiar with the matter.
GMAC Financial Services Wednesday named Samuel Ramsey chief risk officer, barely a month after the finance company posted a $1.6 billion third-quarter loss.
Stocks closed lower as investors worried about the impact of the credit crisis on the financial sector and on the wider economy.
GM said it's interested in exploring further cooperation with automaker AvtoVaz as one way to "expand our footprint in Russia."
U.S. stocks closed lower Monday as major Dow components and financials outweighed hopes for a Fed rate cut and a government plan to rescue at-risk homeowners.
General Motors said its U.S. light vehicle sales fell 11 percent in November as consumer demand softened, while Toyota Motor and Ford Motor defied expectations by reporting small sales increases for the month.
I heard it again Saturday night. I was talking to a friend at a party and he said, "I want a car I'm gonna like...I mean really like." I chuckled and told him, "Join the club." After giving him some suggestions I told him about the latest survey from Consumer Reports on the models with the most satisfied owners.
It's been eight months since MSNBC and CBS Radio fired Don Imus, soon after he made an offensive comment and his advertisers went running. Monday morning at 6 am EST, he'll be back on the air now on WABC radio, which is owned by Citadel Broadcasting. You can bet that everyone and their grandmother will tune in Monday morning, even people who hate Imus, just because they're curious about what he'll say.
For General Motors, this is pretty darn good. No, let me amend that. This is really good. The automaker has three cars listed on Car and Driver's best of 2008. It's the only domestic automaker to get a car on the list. And most importantly, the new Chevy Malibu is among the 10 best according to Car and Driver.
Who'd have thunk it. Russia has become one of the hottest and fastest growing auto markets in the world. Now Chrysler wants a piece of the action and it may wind teaming up with a Russian automaker GAZ. Today in Michigan Chrysler executives and Michigan's governor are reportedly set to meet the president of GAZ to discuss the Russian automaker investing in the U.S.
As we wrap up this year, we are close to seeing U.S. auto sales fall to their lowest point in nine years. It has me wondering about what's spooking vehicle buyers? Is it the economy? Is this simply the natural ebb and flow of demand for new cars, trucks and SUV's?
General Motors will begin producing a hybrid car in China from next year, in time for the Beijing Olympics in August, the U.S. automaker said on Wednesday.